Interesting points Henster. That's why I posted facts such as...

Interesting points Henster.

That's why I posted facts such as the following yesterday:

Here are the figures taken from IGR's quarterlies for
"Exploration and evaluation" expenses:

September quarter 2008: $4.52 million
December quarter 2008: $1.72 million
March quarter 2009: $0.93 million
June quarter 2009: $2.49 million
September quarter 2009: $3.82 million
December quarter 2009: $3.46 million
March quarter 2010: $4.75 million
June quarter 2010: $5.69 million
September quarter 2010: $5.89 million
December quarter 2010: ????? million

This totals $33.27 million and does not include the December quarter. Note these amounts also do not include development costs.

Now with $33.27 million spent on exploration and evaluation (probably not too far off $40 million if we include the December quarter) you'd like to think that will result in a significant increase in gold resources and gold reserves for it to be money well spent.

At http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1352907&msgid=7622228